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Newton Abbot Restaurant Sees New Ownership To Continue Town’s Resurgence

Newton Abbot Restaurant Sees New Ownership To Continue Town’s Resurgence

Posted: Friday 23 November 2018

In the current market, it’s heartening to see a local business grow and open multiple locations in the region. And this is exactly what happened for the Torquay-based independent burger chain, Meat59, as they expand to occupy a much-loved Newton Abbot landmark.
 
The sale of independent tapas-style restaurant, Olive, in Newton Abbot marks a new chapter in the property’s history and has given its owners an opportunity to move in a different business direction after many successful years of trading and a loyal following. 

With the seller owning a number of pubs and restaurants in and around South Devon, Olive and its popular tapas-style menu can still be enjoyed from its harbourside location in Paignton. The Newton Abbot sale will now allow more focus on the Paignton operation, as well as on larger pub opportunities.

With the premises having a history of being home to a range of different cuisines over the years, new owners, Meat59, will step in to offer the town their range of handmade gourmet burgers focusing on locally sourced quality meat and later down the line they are looking to introduce their successful breakfast menu at the weekends. Having already established themselves with their Torquay restaurant, their Newton Abbot location will become their third, following the opening of their Exeter branch last year.

Situated in the thriving heart of Newton Abbot’s town centre, the first-floor restaurant is in close proximity to all the town’s shopping areas and sees a brisk footfall which has already proven to provide a consistently healthy turnover and robust profits over the years - an irresistible mix for new owners, Vince Aggett and Jenna Heasman.

The premises retains many of its original features, authentically refurbished with wood floors, painted low wooden beams, vaulted ceiling, and open fireplace. While the open plan restaurant comfortably seats over 70 covers, easily accommodating larger parties or functions, a pavement licence is already in place for a further 30+ covers outside.

The commercial kitchen offers Meat59 a sizeable and well-equipped area to prepare their gourmet burgers which are always made fresh on site, while the existing corner bar takes care of the customer refreshments.

Jon Clyne, Director at Charles Darrow commented: “Vince and Jenna from Meat59 have been looking for a suitable site in Newton Abbot for some time, so we were delighted to agree terms with them. They are planning to open imminently, establishing themselves in the run-up to Christmas, before undergoing a refurbishment in the New Year.”